subject: Gome Huang Guangyu additional dilution of 20% controlling stake - GOME Electrical Appliances, Wong Kwong Yu - HC network appliance industry [print this page] " States United States Has been the most dangerous time to sell or issue additional 20% stake in self-help. "Recent days, such information widely circulated in the Hong Kong stock market. According to "Securities Daily" to report, due to technical reasons, the States United States does not currently sell its shares, but rather a way to attract additional funding. In a number of bidders in the United States combined KKR and Bain Capital consortium of Shanghai Guo Guangchang likely to beat the Fosun Group and the Hong Kong Li Ka-shing's companies, eventually settled in the country the United States. "This program is also a high ranking U.S. officials released the country, the aim is to slowly dilute Huang Guangyu In GOME Electrical Appliances In equity, until the complete withdrawal of yellow Yu Duiguo weaken the negative impact of the United States. KKR and Bain Capital and a consortium of the joint should be talking about almost Gome. "A person close to the United States close to the country, told reporters. He also told reporters: "This matter should be aware of Huang Guangyu, and the Wong family understand, but there is no way, now is the Huang family as" case slabs of meat "can only be trampled upon. " Additional 20% is not for sale In the second half will be additional 20%? U.S. shareholder structure in the country, Huang Guangyu and his wife cuckoo 35.5%, as "absolute majority shareholder." Fang Jian Huang Guangyu many rumors to sell the shares, but the source told reporters: "There is no change I do not know, but the beginning of the program is additional 20% stake in order to dilute Huang Guangyu. To sell 20% of the non- very possible, if the sale of a 20% stake Wong Kwong Yu, the final signature to Huang Guangyu, not too likely. " Another point of concern is that if the option of Huang Guangyu of GOME stake dilution of its influence in the country the United States, so too is the Huang family money, if the States United States Select additional, to the financing of the United States truly is a national company itself. A reality is the U.S. Department of State is faced with difficult financial problems. "The beginning, domestic and international agencies to talk to many countries negotiate over the United States, learned that the Government hope is there in the background of the investment bank took over the capital, such as Lenovo's Hony Capital, Citic Capital. But eventually they do not dry , we can only find in foreign countries. " According to the State's filing shows the United States in 2008, its notes payable, loans payable, convertible bonds and bank loans four sum, a total of 16.6 billion yuan. However, the cash and cash equivalents held by only 3.0 billion. Which, Gome in May 2007 issue of 4.6 billion yuan will be a huge bond due in 2010, will also face large redemption of short-term burden. Huge debt and 46 billion U.S. decided to issue seems to be the cause of the country, according to the present situation, the United States unless the country's stock from the current 1.12 yuan / share to 5 yuan / share, creditors will not be transferred debt for redemption, but in the present case, it is not possible. "The United States from countries eager to additional 20% stake in the issue can be seen, Gome Huang Guangyu first is to weaken the U.S. case on some of the negative impact of the country; Second: It is clear the country the United States would like to resume trading as soon as possible." One analyst told reporters. "It is the beginning of the program is now additional 20% in the second half, or over a period of time additional 20% in such a way to dilute Huang Guangyu of the company. But now there is no change, I do not know." The knowledge who told reporters. KKR and suspense is no longer Bain win Although the United States faced a crisis country, but Gome in China Home Appliances Chain brand's influence, still ranked No. 1 market share in home appliances. "From an investment perspective, this project certainly is a good project, whether from the business model, or the current prices, and Gome, the leading position in the industry." The source told reporters.
Gome Huang Guangyu additional dilution of 20% controlling stake - GOME Electrical Appliances, Wong Kwong Yu - HC network appliance industry
